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IPFS News Link • Economy - Economics USA

Home Equity Lines of Credit suspended by Countrywide Mortgage

1-31-08 • CalculatedRisk.blogspot.com

The lenders are starting to be concerned about the risk of homeowners drawing down HELOCs while at the same time their property value is declining, leaving no equity in the home.

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Home Equity Lines of Credit suspended by Countrywide Mortgage

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